Under Armour Inc – Class C ( (UA) ) has released its Q2 earnings. Here is a breakdown of the information Under Armour Inc – Class C presented to its investors.
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Under Armour, Inc., headquartered in Baltimore, Maryland, is a prominent company in the athletic performance industry, known for its innovative apparel, footwear, and accessories designed to enhance athletic performance.
In its latest earnings report for the second quarter of fiscal 2026, Under Armour revealed a 5% decrease in revenue to $1.3 billion, with a notable decline in North American sales but growth in international markets. Despite these challenges, the company has shown signs of brand momentum in North America, a key focus area in its turnaround strategy.
Key financial metrics from the quarter include a gross margin decline to 47.3% due to supply chain issues and increased tariffs, alongside a 12% rise in selling, general, and administrative expenses. The company reported an operating income of $17 million, with an adjusted net income of $15 million. Under Armour also continued its share buyback program, repurchasing $25 million of its Class C common stock.
Looking ahead, Under Armour anticipates a 4-5% revenue decrease for fiscal 2026, with expected declines in North America and Asia-Pacific, offset by growth in EMEA. The company aims to manage costs through restructuring efforts and expects a decrease in SG&A expenses, projecting an adjusted operating income between $90 million and $105 million.
Under Armour remains focused on executing its strategic initiatives to drive brand momentum and operational efficiency, with management optimistic about the company’s ability to navigate current challenges and capitalize on growth opportunities in the global market.